Envestnet Asset Management Inc. Sells 372,158 Shares of Nokia Corporation $NOK

Envestnet Asset Management Inc. cut its stake in Nokia Corporation (NYSE:NOK) by 66.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,757 shares of the technology company’s stock after selling 372,158 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Nokia were worth $913,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. grew its holdings in Nokia by 196.4% during the third quarter. Hantz Financial Services Inc. now owns 59,122 shares of the technology company’s stock valued at $284,000 after purchasing an additional 39,172 shares during the period. Penserra Capital Management LLC grew its holdings in shares of Nokia by 38.0% in the 3rd quarter. Penserra Capital Management LLC now owns 7,760,500 shares of the technology company’s stock valued at $37,328,000 after buying an additional 2,136,545 shares during the period. Jones Financial Companies Lllp increased its position in shares of Nokia by 67.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 34,018 shares of the technology company’s stock valued at $159,000 after buying an additional 13,644 shares in the last quarter. State of Wyoming raised its stake in Nokia by 5.0% during the 3rd quarter. State of Wyoming now owns 110,809 shares of the technology company’s stock worth $533,000 after buying an additional 5,250 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Nokia by 35,010.3% during the third quarter. Thrivent Financial for Lutherans now owns 12,655,143 shares of the technology company’s stock worth $60,871,000 after acquiring an additional 12,619,099 shares in the last quarter. Institutional investors own 5.28% of the company’s stock.

Nokia Price Performance

NYSE NOK opened at $8.09 on Wednesday. The firm’s 50 day moving average is $6.90 and its 200-day moving average is $6.05. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $46.45 billion, a PE ratio of 62.24, a price-to-earnings-growth ratio of 3.02 and a beta of 0.80. Nokia Corporation has a 12-month low of $4.00 and a 12-month high of $8.37.

Key Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia deepened AI‑RAN and carrier partnerships (TIM Brasil + NVIDIA) to deliver AI‑ready 5G across multiple states — this strengthens Nokia’s positioning to capture higher‑margin AI and 5G upgrade spend. Read More.
• Positive Sentiment: Nokia and Ericsson announced closer collaboration on autonomous networks and open SMO/rApp ecosystems, improving multivendor appeal to carriers and expanding potential software/service revenue streams. Read More.
• Positive Sentiment: Nokia expanded its Network‑as‑Code and agentic AI work with Google Cloud and added third‑party rApps (AirHop) to its MantaRay SMO marketplace — initiatives that could accelerate recurring software and services revenue. Read More.
• Neutral Sentiment: Nokia is deploying edge network solutions for Telefónica and advancing operator collaborations (Deutsche Telekom, TIM) — these reinforce commercial traction but are execution‑dependent and will scale over quarters. Read More.
• Neutral Sentiment: Unusual options activity was reported, indicating elevated speculative or hedging flows that can amplify intraday moves but don’t change fundamentals. Read More.
• Negative Sentiment: Verizon’s reorganization of its private 5G team and reports that Nokia may be nearing a sale of its private 5G business introduce near‑term revenue/asset uncertainty and potential headline risk. Read More.
• Negative Sentiment: Analyses pointing to an elevated valuation after a strong share‑price run could prompt profit‑taking; Nokia’s high P/E and recent gains make the stock sensitive to execution and margin proofs. Read More.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Argus upgraded Nokia to a “hold” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “hold (c)” rating on shares of Nokia in a report on Monday, December 22nd. Morgan Stanley began coverage on shares of Nokia in a research note on Monday, February 9th. They issued an “overweight” rating and a $8.00 price target on the stock. New Street Research set a $6.57 price objective on shares of Nokia in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Nokia from $7.10 to $8.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $7.01.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.